As of the end of April 2017, Brederode listed portfolio was up 8.0 % since January 1st, supported by a strong performance of Samsung and Unilever. Moreover, in response to ChemChina takeover bid, Brederode tendered its entire stake in Syngenta. Cash payment is expected to be received in May. Private Equity continues to develop smoothly. During the period under review, new investments reached EUR 54 million while sales totaled EUR 56 million. Performance the semi-annual release. At this point, and excluding FX fluctuations, first indications are positive. Since January 1st, Brederode has committed to 6 new funds for a total of EUR 112 million and made 3 co- investments for a total of EUR 11 million.